The business news thread

I am starting a new thread. "What, another one?" Yes, but this one is specifically for business news: mergers, takeovers, hirings, firings, expansions, closings and other business news stories which have to do with issues other than stocks. (Those last four words make a pun but it was unintentional.)

European Union state aid regulators are investigating whether Swedish furniture retailer Ikea's tax arrangement with the Netherlands helped cut its tax bill -- the latest crackdown on unfair tax deals between multinationals and EU countries. The European Commission is looking into two tax rulings issued to Inter Ikea, which operates Ikea's franchise business and collects a fee of 3 percent of turnover from all Ikea shops via subsidiary Inter Ikea Systems in the Netherlands.

European Competition Commissioner Margrethe Vestager said, "All companies, big or small, multinational or not, should pay their fair share of tax. Member states cannot let selected companies pay less tax by allowing them to artificially shift their profits elsewhere." Fast food chain McDonald's and French energy company Engie are also in the EU crosshairs over their Luxembourg tax deals.

Restaurant chain operator Jack In The Box Inc. is selling its Qdoba Restaurant Corp. unit to funds affiliated with Apollo Global Management LLC for $305 million cash. Qdoba operates and franchises more than 700 Qdoba Mexican Eats restaurants. San Diego-based Jack In The Box acquired Qdoba for $45 million in 2003. The restaurant chain initially enjoyed fast revenue growth but has faltered in recent quarters.

Daniel Kline and Dylan Lewis of The Motley Fool discussed cable television, streaming, "cord cutting," Netflix and the Disney-Fox deal. Here is the video -- and a transcript so you can follow along at home: